Assessments for taxation purposes
Official text rightpowerlimitif conditionlegal term
The legislature shall provide for the supervision, review and equalization of assessments for purposes of taxation. Assessments shall in no case exceed full value.
Nothing in this constitution shall be deemed to prevent the legislature from providing for the assessment, levy and collection of village taxes by the taxing authorities of those subdivisions of the state in which the lands comprising the respective villages are located, nor from providing that the respective counties of the state may loan or advance to any village located in whole or in part within such county the amount of any tax which shall have been levied for village purposes upon any lands located within such county and remaining unpaid.
Simplified explanation
The legislature shall provide for supervising, reviewing and equalizing tax assessments, which shall never exceed full value. It may provide for village taxes to be collected by other taxing authorities and for counties to advance unpaid village taxes to villages.